Welcome to our dedicated page for ZTO Express (Cayman) American Depositary Shares, each representing one news (Ticker: ZTO), a resource for investors and traders seeking the latest updates and insights on ZTO Express (Cayman) American Depositary Shares, each representing one stock.
ZTO Express (Cayman) Inc., the leading express delivery company in China by parcel volume, has established itself as a cornerstone in the logistics and e-commerce sectors. Founded in 2002 and headquartered in Shanghai, ZTO operates through a highly scalable network partner model. This approach integrates first-mile pickup and last-mile delivery services provided by its local network partners with the company's centralized line-haul transportation and sorting services. This synergy ensures efficient and reliable delivery solutions across China and key international markets.
As of December 31, 2016, ZTO's extensive network covers over 96% of China's cities and counties, making it a critical enabler of the country's rapidly growing e-commerce market. The company has garnered substantial market share, capturing 22.1% of the parcel volume in 2022, positioning it as an indispensable service provider for major e-commerce giants such as Alibaba and JD.com.
ZTO's continuous growth is driven by strategic partnerships and sound financial performance. As of June 30, 2023, Alibaba Group holds an 11.7% interest in the company, underscoring a robust strategic alignment. The founder, Meisong Lai, remains instrumental as Chairman and CEO, holding a 77% voting right stake, ensuring a clear vision and steady leadership.
Recent corporate developments highlight ZTO's momentum and adaptability. In 2023, the company achieved a remarkable parcel volume of 30.2 billion, reflecting year-on-year growth of 23.8%. This success is attributed to ZTO's focus on balanced development, emphasizing long-term strategic goals and operational excellence.
Looking ahead, ZTO is committed to enhancing its service offerings and expanding its international footprint. Key initiatives include strengthening safety measures, improving service capabilities, and fostering innovation. The company's roadmap for 2024 underscores a comprehensive approach combining development, security, and efficiency, aiming for high-quality growth and sustained market leadership.
For more information, please visit ZTO Investor Relations.
ZTO Express announces its decision to pursue a voluntary conversion to a dual-primary listing on the Hong Kong Stock Exchange. The Board has authorized senior management to initiate necessary preparations. The conversion remains contingent upon market conditions and regulatory approvals. Following this change, ZTO will continue to be listed on both the Hong Kong Stock Exchange and the New York Stock Exchange. This move aims to enhance its visibility and accessibility to investors.
ZTO Express (Cayman) Inc. (NYSE: ZTO) will announce its unaudited financial results for Q3 2022, which ended on September 30, after U.S. market close on November 21, 2022. An earnings conference call is scheduled for 7:30 PM ET on the same day, with a replay available until November 28, 2022. ZTO is recognized as a leading express delivery company in China, leveraging a scalable network model to support e-commerce growth. The Company focuses on controlling key logistics operations while collaborating with network partners for delivery services.
ZTO Express (Cayman) Inc. has successfully closed a US$1 billion offering of convertible senior notes due 2027, with the offering completed on August 29, 2022. This includes an additional US$130 million from the initial purchaser's full exercise of their option. The notes were offered exclusively to qualified institutional buyers under Rule 144A of the Securities Act, and they will not be registered for general sale in the U.S. ZTO, a major player in China's express delivery sector, leverages a scalable partner network to support growing e-commerce demands.
ZTO Express (Cayman) Inc. (NYSE: ZTO) has priced an offering of US$870 million in convertible senior notes due 2027. A 13-day option for an additional US$130 million is also available. Proceeds will be used for logistics enhancements, ecosystem investments, and working capital. The initial conversion price is approximately US$31.62 per American Depositary Share (ADS), reflecting a 30% premium over the August 24 closing price. The notes will bear 1.50% annual interest, payable semiannually. The offering is expected to close on or around August 29, 2022.
ZTO Express (Cayman) Inc. (NYSE: ZTO) announced a proposed offering of US$870 million in convertible senior notes due 2027. The offering includes an option for an additional US$130 million. Proceeds will be used for logistics enhancement, investment in the logistics ecosystem, and working capital. The notes will have a maturity date of September 1, 2027 and can be converted into cash or shares. The company may redeem the notes under specific conditions, and the offering is subject to market conditions.
ZTO Express (Cayman) Inc. (NYSE: ZTO) issued clarifications regarding a filing error reported on Form 6-K submitted to the SEC on August 24, 2022. The Company confirmed that it currently has no plans for a securities offering, correcting previous misinformation. ZTO emphasizes its commitment to transparent disclosure and will keep shareholders updated on any significant developments, including future financing plans.
ZTO Express (NYSE: ZTO) reported strong Q2 2022 results, with revenues of RMB 8,656.7 million (US$ 1,292.4 million), an 18.2% increase year-over-year. Net income surged 38.2% to RMB 1,758.7 million (US$ 262.6 million), while adjusted net income also rose 38.2%. Parcel volume grew 7.5% to 6,203 million, boosting market share by 2 points to 23%. The company maintains guidance for 2022 parcel volume growth of 12-16%. ZTO's focus on operational efficiency and cost management has yielded strong cash flow, with operating cash flow increasing 95.7% to RMB 3,780.8 million.
ZTO Express (Cayman) Inc. (NYSE: ZTO) will announce its unaudited financial results for Q2 2022 after U.S. market close on August 17, 2022. The earnings conference call is scheduled for 8:30 PM U.S. Eastern Time on the same day, which translates to 8:30 AM Beijing Time on August 18, 2022. Investors can access the call through various dial-in numbers, and a replay will be available until August 24, 2022. ZTO is recognized as a leading express delivery company in China, leveraging a scalable network model to support e-commerce growth.
ZTO Express (Cayman) Inc. (NYSE: ZTO, HKEX: 2057) will hold its annual general meeting (AGM) on June 22, 2022, at 2:00 p.m. in Shanghai. The AGM will not require any proposals for shareholder approval but is intended as a forum for discussion between shareholders and management. The record date for shareholder eligibility is May 31, 2022. ZTO has submitted its annual report on Form 20-F for the fiscal year ended December 31, 2021, which can be accessed on its website and the SEC's site.
ZTO Express (NYSE: ZTO) reported strong Q1 2022 results, with revenues reaching RMB7.9 billion, a 22.1% increase YoY. The company handled 5.2 billion parcels, up 16.8%, boosting its market share to 21.6%. Adjusted net income surged 34.9% to RMB1.1 billion, and adjusted EBITDA rose 36.4% to RMB2 billion. Despite challenges from Omicron lockdowns, ZTO generated RMB1.1 billion in operating cash flow, up 131.8%. The company expects annual parcel volume growth of 12% to 16%. Overall, ZTO demonstrates solid performance despite industry headwinds.
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